ADVERTISEMENT
News on regulatory requirements, innovations, and challenges in customer identification, risk assessments, and due diligence processes for financial institutions.
KYC & CDD
ASIFMA Offers Hong Kong Guidance on Common KYC Practices
By Editors | 22/04/2020
The guidance on account opening and KYC refresh is based on practices employed at 15 banks in Hong Kong that have a strong global and regional footprint.
Structural Regulation
India’s New Foreign Investment Rules ‘Discriminatory’, says China
By Editors | 21/04/2020
The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.
KYC & CDD
Wolfsberg Group Updates Correspondent Banking Due Diligence Questionnaire
By Editors | 20/04/2020
The changes are focused on improving the CBDDQ’s ease of use and readability. One question has been eliminated and some of the wording has been clarified.
KYC & CDD
India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors
By Editors | 19/04/2020
India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.
KYC & CDD
SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs
By Editors | 16/04/2020
Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.
KYC & CDD
The Latest Thinking On Beneficial Ownership, Power And Control
By Bureau van Dijk | 13/04/2020
Data is the first line of defence when it comes to protecting one’s business from links to wrongdoing.
KYC & CDD
HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges
By Editors | 07/04/2020
AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.
Anti-Money Laundering
Tiger Brokers NZ, Six Others Get Formal Warning for AML Failures
By Editors | 06/04/2020
A public warning was issued to NZX-accredited Tiger Brokers, and six additional private warnings unnamed businesses or individuals.
KYC & CDD
The Four e-KYC Models Around the World
By Claus Christensen | 05/04/2020
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
KYC & CDD
FATF Re-rates US as ‘Largely Compliant’ on CDD Measures
By Editors | 03/04/2020
The US is now compliant on 9 FATF Recommendations, largely compliant on 22, partially compliant on 5, and non-compliant on 4.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.